A Private Limited Company (PLC) is a formal corporation designed for small, medium to large enterprises in Zimbabwe.

• A Private Limited Company allows another company or organisation to own shares in the business.
• The Private Limited Company is the most popular form of business incorporation in Zimbabwe.
• A Private Limited Company makes it easy to separate between members/ owners or shareholders and directors/ employees.
• The members/ owners or shareholders have limited liability.
• Transfer of ownership is easy.
• A Private Limited Company can employ an unlimited number of employees.
• A Private Limited Company is not limited in terms of how much revenue it can make.

• Has slightly more legal requirements than a PBC.
• A Private Limited Company pays annual returns at the Registrar of Companies.
• A Private Limited Company is more expensive to register and run.
• A Private Limited Company can be de-registered by the Registrar of Companies if it does not submit annual returns for more than 2 years.

• Certificate of Incorporation
• CR6
• CR14
• The memorandum and articles of association
• CR6 specifies the address of the business and CR14 specifies who the directors of the company are.
• The memorandum and articles of association are for internal use and govern the relationship of the shareholders in a company.

• A local registered address is one of the minimum requirements for opening a company in Zimbabwe.
• The registered address must be a physical address in  i.e a physical location and not just a Post Office Box (PO Box)s.

• Tax Registration and ITF263 (Tax Clearance registration is another process which requires a budget of $100 to $150 and takes 2 to 10 working days.